WilmerHale Partner Dan Berkovitz is a featured speaking during the meeting's wrap up panel discussion "What is Working and What Isn't." This panel will attempt to synthesize the previous days' presentations, including:

• Market Structure
  • Futures: Two-tier market with Algos and HFT
  • (Flash crashes)
  • Blocks and EFRPs
  • Role of the FCM
• SEFs—Central Order Book, auctions, one-to-many
  • Gateway to clearing—blocks and OTC clearing
• Clearing—Structural weaknesses
  • Cross-border
  • Safety
• Cross Border—Competition—U.S., Europe, Asia
  • Regulatory arbitrage
• Unfinished business—or not
  • Position limits
  • Finalize rules
  • SEFs and MAT
  • Wish list—Regulatory and Legislative
• Best and Worst of Dodd-Frank
  • Benefit to end-users
  • Cost of compliance
  • Legislative/Regulatory reforms